logo
  

Georgia Power Files Request With Georgia PSC; Customer Rates To Increase Under 12% Over 3 Years

Georgia Power, the electric subsidiary of Southern Company (SO), said, over the next three years, the company expects to invest nearly $7 billion more in transmission and distribution improvements, including $2.2 billion in the on-going multi-year Grid Investment Plan. In connection with this, the company filed a request with the Georgia Public Service Commission. The request also supports the transition of the company's power generation to cleaner and more economical resources for customers, including renewables such as solar.

Georgia Power stated that, if approved, customer rates would increase a total of just under 12% over the next three years, which is lower than the current projected rate of inflation. The company noted that the typical residential customer using 1,000 kilowatthours per month would see an increase of $14.32 per month on their bill in 2023, $1.35 per month in 2024 and $0.62 per month in 2025, for a total increase of $16.29 over the three-year period.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The US Centers for Disease Control and Prevention or CDC has ended recommendations for social distancing and quarantine with a view to minimize covid-19's impact on persons, communities, and health care systems. The agency also ended recommendation for test-to-stay in schools, CNN noted. Healthcare major Johnson & Johnson, which is in the middle of a talcum powder fiasco, said it is discontinuing talc-based JOHNSON'S Baby Powder globally in 2023. The company plans to transition to an all cornstarch-based baby powder portfolio. According to the company, the commercial decision to use cornstarch in all its baby powder products was made after conducting an assessment of its portfolio Walt Disney's streaming service Disney+ is rolling out its much-anticipated new ad-supported subscription plan for Disney+ in the U.S. as part of its bid to stem the loss and make its streaming business profitable after the services posted a hefty operating loss of more than $1 billion in the third quarter. It is also raising pricing for its bundled subscription plans with Hulu, ESPN+ and live TV.
Follow RTT